If you go to any real estate agent today, they will tell you about how there has been a huge shift in real estate market trends over the past two decades and how houses are no longer the preferred choice. They will then tell you how people now mostly just make inquiries about apartments and condos instead, and this is a very real phenomenon. People in Canada, America and a number of other countries around the world are no longer interested in owning a house of their own. Instead, they are now preferring apartments and condos, and in case you are currently looking for a condo, you can check out Azura Condos today. This shift has baffled a lot of people at first, however, if you look at the factors surrounding the entire thing, it all makes more sense.

  • First of all, people are not getting well-paying jobs. A lot of really qualified and educated people are also struggling in the job market, and because they are struggling to make a living, they cannot afford to buy a house or consider a house to be the last of their problems.
  • Keeping the same point in mind, they are living in apartments and condos closer to or within the city so that they are able to avoid having to pay extra for a car or fuel charges.
  • People are no longer having bigger families, and a lot of married couples now do not have more than 2 kids, so they do not have to buy a house in order to accommodate everyone.
  • After the housing crisis, the prices for houses got even higher, and a lot of people did not want to contribute to another potential crisis, so they stay clear out of fear of another market crash.
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